Page 12 - P6 Slide Taxation - Lecture Day 3 - Donations Tax & Estate Duty.
P. 12
DONATIONS TAXNATIONS TAX
DO
Exemptions
• Section 56(1) contains a list of exempt donations
which include amongst others donations between
spouses and donations to approved public benefit
organisations.
• A donation will be exempt if the total value of
donations for a year of assessment does not exceed:
• Casual gifts by companies and trusts: R10 000.
• Donations by individuals: R100 000 (2008 to 2013
years of assessment) (section 56(2)(a) and (b)).
12
